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Dangote Refinery Reduces Diesel/Jet Prices for Third Time

REFINING

Nigeria’s new mega Dangote refinery is cutting diesel and jet fuel prices in the domestic fuel market – the third time since product deliveries began in March as the refinery ramps up production.

  • Until Dangote entered the market in March, the country had to import the vast majority of its refined fuel.
  • “The new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria,” Dangote Group spokesman Anthony Chiejina said.
  • The refiner denied earlier this week that the price cuts were a reflection of unsuitable product quality.
  • The Dangote refinery is operating at around 300,000 bpd, nearly half its nameplate capacity.
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